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1000 Đồng

Issuer National Bank of Vietnam
Year 1971
Type Standard circulation banknote
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Obverse lettering NGÂN-HÀNG QUỐC-GIA VIỆT-NAM MỘT NGÀN ĐỒNG TỔNG KIỂM-SOÁT THỐNG-ĐỐC
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Protection description Watermark visible in the unprinted areas of the note
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Comments

By 1971, the National Bank of Vietnam was operating under severe inflationary pressure — the 1000 Đồng note, once a high denomination, had lost substantial purchasing power as the war economy accelerated money supply growth well beyond productive output. Thomas De La Rue's London facility produced the series, a common arrangement for South Vietnamese currency throughout the Republic's existence, as domestic printing infrastructure capable of handling security paper never developed locally.

Pick 29 collectors should note that the watermark is the primary security feature — no security thread was incorporated, a limitation that made counterfeiting a persistent operational concern for the Saigon government in its final years.